In a note to clients — as reported by “Forbes” ( — Sterne Agee analyst Shaw Wu this morning raised his EPS (earnings per share) estimates for Apple for the fiscal third quarter that ended June 30, citing expectations for higher-than-expected gross margins due to favorable component pricing.

Wu still sees June quarter unit shipments of 6.8 million iPads, 17 million iPhones, 3.9 million Macs and 8.3 million iPods. He also forecasts gross margin for the quarter of 39.8%, up from 39%, and for all of Fiscal Year 2011 of 39.5%, up from 39.2%.